4.3% growth… now we wait for carbon tax Armageddon

If Armageddon is coming thanks to the carbon tax, then business investment would have tailed off many months ago. All of which makes the recent GDP figures very hard for Tony Abbott to explain.

The carbon tax begins in less than a month. Apparently that means we are on the verge of economic Armageddon. Considering we’ve known since June last year about almost all of the parameters for the carbon tax, you’d think that with such a disastrous economic calamity awaiting us, business would have curtailed investment well in advance. After all, most business investment tends to take several years to pay itself off.  Indeed, in light of the European debt crisis and insipid growth in the US, you’d think that unemployment should be skyrocketing and economic growth ebbing away.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles